Case Study: Fifth Third Bank streamlines leased equipment tracking with Asset Panda

Fifth Third Bank tracks $8.5 billion in leased assets with Asset Panda

Fifth Third Bank, a major commercial bank, faced a significant challenge when it retired its internal leased equipment tracking system, LAMP. This left its equipment finance team without a way to track thousands of serialized assets, threatening its ability to manage leases and plan maintenance. A critical security constraint prohibiting external data from entering the bank's internal systems made finding a replacement difficult. Asset Panda partnered with the bank to address this gap.

Asset Panda built TrakMate, a solution deployed on AWS that inverted the data flow to meet security needs. Lease data was fed from the bank's internal system into Asset Panda's cloud environment, where it was matched with external equipment telemetry. This provided a single, compliant view of every leased asset without violating data policies. The solution eliminated manual data entry and restored crucial usage visibility. As a result, Fifth Third Bank established a sustainable system of record and is expanding its partnership with Asset Panda for further enhancements.

Fifth Third Bank